Online payment processer Allied Wallet has incorporated new artificial intelligence (AI) features into its NextGen Payment Gateway in a bid to prevent fraud.
The new AI-based features known as ‘Transaction Anomaly System’ are part of the latest version of NextGen.
The system is capable of assessing hundreds of transactional data points to identify spikes and anomalies and determine their score in real-time.
Accordingly, the deployment of the latest version of payment gateway will enable an in-depth review of all transactions, offering an additional layer of security.
Allied Wallet CEO Andy Khawaja said: “Your business is only as strong as your security.
“…protecting your profit is important, but in our opinion, protecting your customers is even more important.
“As e-commerce continues to grow, it’s absolutely necessary that we all do our best to protect the online shopping experience and implement new technology to prevent information from being compromised.”
Allied Wallet said that it upgrades its payment gateway solution continuously with new connectivity, security and usability features in a step to simplify and streamline e-commerce for business owners.
Last month, the company added Neosurf as a digital payment method for its merchant customers.
The collaboration increases global payment options for Allied Wallet merchants.